Based on today's housing costs:

Prices will continue to drop Prices are showing signs of stabilizing Prices will start to rise

My biggest purchasing concern would be:

Prices are still too high Insurance and taxes Not qualifying for a mortgage

Best time to buy based on the above:

Next 12 months 1 to 2 years 2+ years

When will the next sellers market will occur:

1 to 3 years 3 to 5 years 5 years or more